Pepper export volume in the first half of September decreased sharply

Pepper price today, September 19, 2024, in key areas decreased sharply by 4,000 - 5,000 VND/kg compared to yesterday and traded around 148,000 - 150,500 VND/kg, the highest purchase price in Dak Lak province was 150,500 VND/kg.

Accordingly, Dak Lak pepper price is purchased at 150,500 VND/kg, down 4,500 VND/kg compared to yesterday. Chu Se pepper price ( Gia Lai ) is purchased at 148,000 VND/kg, down 5,000 VND/kg compared to yesterday.

Pepper price today September 19, 2024: Pepper export volume in the first half of September decreased sharply

In the Southeast region, pepper prices today decreased sharply by 4,000 VND/kg compared to yesterday. Specifically, in Binh Phuoc , pepper prices today are at 148,000 VND/kg, down 4,000 VND/kg compared to yesterday. In Ba Ria - Vung Tau, it is at 148,000 VND/kg, down 4,000 VND/kg compared to yesterday.

Thus, domestic pepper prices today unexpectedly dropped sharply by 4,000 - 5,000 VND/kg in key localities. The highest pepper price is at 150,500 VND/kg.

World pepper price today

Update on world pepper prices from the International Pepper Association (IPC), at the end of the most recent trading session, IPC listed the price of Indonesian Lampung black pepper at 7,589 USD/ton, down 0.04%, and the price of Muntok white pepper at 9,154 USD/ton, down 0.04%.

The price of Brazilian ASTA 570 black pepper is at 7,000 USD/ton. The price of Malaysian ASTA black pepper is at 8,800 USD/ton; the price of this country's ASTA white pepper is at 10,900 USD/ton.

Vietnam black pepper price is traded at 6,800 USD/ton for 500 g/l; 550 g/l at 7,100 USD/ton; white pepper price at 10,150 USD/ton.

According to information on www.giatieu.com, pepper prices today, September 19, 2024, on the Kochi - India floor, the types of GARBLED, UNGARBLED, 500 GRAM/LITE continue to maintain the prices respectively: 68,100 Rupees/100kg, 66,100 Rupees/100kg, 65,000 Rupees/100kg.

In the world market, pepper prices in all countries remain stable, only Indonesian pepper prices have slightly decreased.

According to a report from the Vietnam Pepper and Spices Association (VPSA), in the first 15 days of September 2024, Vietnam exported 6,917 tons of pepper, of which 6,907 tons were black pepper and 839 tons were white pepper. Pepper exports fell sharply to a record low of 144% in volume compared to the first 15 days of August 2024.

According to data from the Indonesian Statistics Agency (BPS), Vietnam is currently the second largest customer of this pepper industry with imports nearly doubling compared to the same period in 2023.

Right from the first months of 2024, Indonesia's pepper exports have increased strongly, in contrast to the decline of leading producing countries such as Brazil or Vietnam.

Data from BPS shows that by the end of July 2024, Indonesia's pepper exports reached 22,829 tons, worth more than 111 million USD, a sharp increase of 55.6% in volume and 59.6% in value over the same period last year.

Indonesia's average pepper export price in the first 7 months of the year was 4,869 USD/ton, up 2.5% over the same period.

This is a fairly modest price increase compared to other leading producing countries and the general international market level in recent times.

Indonesia's 2024 harvest is expected to take place in August (later than usual from July) but the output is not optimistic. Indonesia mainly exports pepper to China, Vietnam, the US, India, etc.

Vietnam's domestic pepper prices have been adjusted down due to slowing demand from markets such as the US, EU and Asia. Meanwhile, China continues to buy, but in small quantities.

Domestic pepper price on September 19, 2024